T N Merc. Bank

Market Cap: Mid Cap
Industry: Bank - Private
ISIN: INE668A01016
NSEID: TMB
BSEID: 543596

INR

420.75

4.35 (1.04%)

BSENSE

Apr 11, 12:53 PM

BSE+NSE Vol: 27.86 k

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Nine Monthly Results

Results Snapshot

Figures in Rs cr

Standalone Nine Monthly Results

Dec'24

Dec'23

Dec'22

Dec'21

Interest Earned

3,949.58

3,594.20

3,010.96

2,847.37

Income On Investments

770.33

792.43

669.19

603.66

Interest On Balances With Rbi Other Inter Bank Funds

18.61

25.68

19.04

39.45

Interest / Discount On Advances / Bills

3,159.21

2,773.25

2,318.28

2,197.50

Others

1.43

2.84

4.45

6.76

Other Income

650.11

481.04

445.18

598.09

Total Income

4,599.69

4,075.24

3,456.14

3,445.46

Interest Expended

2,216.57

2,010.36

1,444.12

1,519.86

Net Interest Income

1,733.01

1,583.84

1,566.84

1,327.51

Total Expenditure (Excl Depreciation)

1,041.38

949.65

843.59

835.54

Employee Cost

548.55

496.81

451.75

0.00

Other Operating Expenses

492.83

452.84

391.84

835.54

Operating Profit Before Provisions and Contingencies

1,341.74

1,115.23

1,168.43

1,090.06

Exceptional Items

0.00

Provisions and contingencies

153.63

64.66

122.02

245.39

Profit Before Tax

1,188.11

1,050.57

1,046.41

844.67

Tax

297.40

231.60

270.20

249.71

Profit After Tax

890.71

818.97

776.21

594.96

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

890.71

818.97

776.21

594.96

Face Value

10.0

Reserves

0.00

Diluted Earnings per share

18.96

17.95

17.66

14.24

Operating Profit Margin (Excl OI)

73.63%

73.58%

71.98%

70.66%

Gross Profit Margin

0.0%

PAT Margin

22.55%

22.79%

25.78%

20.9%

Net Interest Margin

4.0%

4.08%

4.6%

4.03%

Return on Assets

1.89%

1.93%

2.16%

1.66%

CASA (%)

27.36%

29.63%

29.58%

27.76%

CASA Amount

0.00

12,851.00

11,667.00

Capital Adequacy Ratio (Total)

29.35%

25.95%

24.44%

18.73%

Capital Adequacy Ratio (Tier 1)

27.88%

24.55%

22.85%

17.74%

Provision Coverage Ratio (%)

93.21%

86.27%

89.83%

87.92%

Amount of Gross NPAs

576.38

649.13

591.08

985.56

Amount of Net NPAs

177.59

375.34

259.10

452.36

% of Net NPAs

0.41%

0.98%

0.75%

1.44%

% of Gross NPAs

1.32%

1.69%

1.7%

3.08%

Public Share Holdings (%)

0.0%

Pledged Promotor Holding (%)

0.0%

Pledged Capital (%)

0.0%

Number of ATMs

1161.0

1154.0

1147.0

0.0

Number of Branches

572.0

681.0

511.0

0.0

Nine Monthly Analysis Highlights

Interest Earned

YoY Growth in nine months ended Dec 2024 is 9.89% vs 19.37% in Dec 2023

Net Profit

YoY Growth in nine months ended Dec 2024 is 8.76% vs 5.51% in Dec 2023

Operating Profit (PBDIT)

YoY Growth in nine months ended Dec 2024 is 20.31% vs -4.55% in Dec 2023

% of Net NPAs

YoY Growth in nine months ended Dec 2024 is -0.57% vs 0.23% in Dec 2023

% of Gross NPAs

YoY Growth in nine months ended Dec 2024 is -0.37% vs -0.01% in Dec 2023

Compare Nine Monthly Results Of T N Merc. Bank With

Select Peers

Figures in Rs cr

Standalone Nine Monthly Results

Change(INR)

Change(%)

Interest Earned

3,949.58

23,278.78

-19,329.20

-83.03%

Income On Investments

770.33

4,354.90

-3,584.57

-82.31%

Interest On Balances With Rbi Other Inter Bank Funds

18.61

291.40

-272.79

-93.61%

Interest / Discount On Advances / Bills

3,159.21

17,464.10

-14,304.89

-81.91%

Others

1.43

1,168.38

-1,166.95

-99.88%

Other Income

650.11

4,117.60

-3,467.49

-84.21%

Total Income

4,599.69

27,396.38

-22,796.69

-83.21%

Interest Expended

2,216.57

16,610.78

-14,394.21

-86.66%

Net Interest Income

1,733.01

6,668.00

-4,934.99

-74.01%

Total Expenditure (Excl Depreciation)

1,041.38

7,846.02

-6,804.64

-86.73%

Employee Cost

548.55

2,991.59

-2,443.04

-81.66%

Other Operating Expenses

492.83

4,854.43

-4,361.60

-89.85%

Operating Profit Before Provisions and Contingencies

1,341.74

2,939.58

-1,597.84

-54.36%

Exceptional Items

0.00

Provisions and contingencies

153.63

767.55

-613.92

-79.98%

Profit Before Tax

1,188.11

2,172.03

-983.92

-45.3%

Tax

297.40

504.29

-206.89

-41.03%

Profit After Tax

890.71

1,667.74

-777.03

-46.59%

Extraordinary Items

0.00

Prior Period Expenses

0.00

Other Adjustments

0.00

Net Profit

890.71

1,667.74

-777.03

-46.59%

Face Value

10.00

2.00

0.00

Reserves

0.00

Gross Profit Margin

0.00%

0.00

0.00%

PAT Margin

22.55%

7.16%

0.00

15.39%

Net Interest Margin

4.00%

2.40%

1.60

1.60%

Return on Assets

1.89%

0.00%

1.89

1.89%

CASA (%)

27.36%

33.10%

-5.74

-5.74%

CASA Amount

0.00

91,650.00

-91,650.00

-100.0%

Capital Adequacy Ratio (Total)

29.35%

15.20%

14.15

14.15%

Capital Adequacy Ratio (Tier 1)

27.88%

12.59%

15.29

15.29%

Provision Coverage Ratio (%)

93.21%

71.20%

22.01

22.01%

Amount of Gross NPAs

576.38

3,963.47

-3,387.09

-85.46%

Amount of Net NPAs

177.59

1,142.62

-965.03

-84.46%

% of Net NPAs

0.41%

0.50%

-0.09

-0.09%

% of Gross NPAs

1.32%

1.60%

-0.28

-0.28%

Public Share Holdings (%)

0.00%

0.00

0.00%

Pledged Promotor Holding (%)

0.00%

0.00

0.00%

Pledged Capital (%)

0.00%

0.00

0.00%

Number of ATMs

1,161.00

1,326.00

-165.00

-12.44%

Number of Branches

572.00

1,247.00

-675.00

-54.13%

Nine Monthly - Interest Earned

Interest Earned 3949.58 Cr

in Dec 2024

Figures in Rs Cr

YoY Growth in nine months ended Dec 2024 is 9.89% vs 19.37% in Dec 2023

Nine Monthly - Net Profit

Net Profit 890.71 Cr

in Dec 2024

Figures in Rs Cr

YoY Growth in nine months ended Dec 2024 is 8.76% vs 5.51% in Dec 2023

Nine Monthly - Operating Profit (PBDIT)

Operating Profit (PBDIT) 1,341.74 Cr

in Dec 2024

Figures in Rs Cr

YoY Growth in nine months ended Dec 2024 is 20.31% vs -4.55% in Dec 2023

Nine Monthly - % of Net NPAs

% of Net NPAs 0.41%

in Dec 2024

Figures in Rs %

YoY Growth in nine months ended Dec 2024 is -0.57% vs 0.23% in Dec 2023

Nine Monthly - % of Gross NPAs

% of Gross NPAs 1.32%

in Dec 2024

Figures in Rs %

YoY Growth in nine months ended Dec 2024 is -0.37% vs -0.01% in Dec 2023